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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

Categories: Cropping, Sheep & lambs, Weather, Commodities

Summary of key issues:

  • During the week ending 6 January 2016, significant rainfall was recorded across eastern and central Australia.
  • Heavy rainfall across low lying areas in New South Wales close to Newcastle, the Lower Hunter region.
  • A number of El Niño-Southern Oscillation (ENSO) indicators suggest that the 2015-16 El Niño has peaked in recent weeks.
  • Water storage levels in the Murray–Darling Basin (MDB) decreased by 203 gigalitres (GL) during the week ending 7 January 2016.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$210 a tonne in the week ending 5 January 2016.
  • The world sugar indicator price (Intercontinental Exchange, nearby futures, No. 11 contract) averaged US14.8 cents a pound in the week ending 6 January 2016.
  • Australian grain, livestock and fruit and vegetable indicator prices are not available this week due to market closures over the Christmas and New Year period.



Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank – A Division of Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879